Intel has filed a claim for EUR 593 million (nearly $624 million or Rs. 4,800 crore) in interest from the European Commission, five months after its scrap a EUR 1.06 billion (nearly Rs. 8,600 crore) EU antitrust fine was scraped in a court in Europe. Intel said its claim is based on an interest rate equivalent to the European Central Bank’s refinancing rate of 1.25 percent beginning from May 2009.
The US chipmaker Intel has filed a claim for EUR 593 million (nearly $624 million or Rs. 4,800 crore) in interest from the European Commission, five months after it convinced Europe’s second-top court to scrap a EUR 1.06 billion (nearly Rs. 8,600 crore) EU antitrust fine, an EU filing showed on Monday. Europe’s top court paved the way for such damage demands last year in a landmark ruling which ordered the EU executive to pay default interest on reimbursed fines in annulled antitrust cases.
